This year has been marked by rising expectations for the approval of a spot Bitcoin exchange-traded fund (ETF), the Shanghai upgrade for the Ethereum network, and the upcoming Bitcoin halving event.
2023 closes with strong profits for the cryptocurrenciesthe increasing adoption of digital assets in different areas of social life and the recovery of prices after the brutal fall of 2022. However, the long-awaited bull market of 2021 seems far from being achieved.
This year has been marked by growing expectations of the approval of a exchange traded fund (Bitcoin Spot ETF), the Shanghai upgrade for the Ethereum network, and the upcoming Bitcoin halving event. Also, it was a year in which strong volatility was experienced with greater distance from others risk assets and whose price moved due to the behavior of the Fed rate hike.
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It is worth remembering that Bitcoin closed the year 2022 at US$16,000, a value far from the historical maximum of US$69,000 in November 2021. After that year to be forgotten, 2023 consolidated the stopping this fall in value and full of expectations for 2024.
According to data from the SNT aggregator, large investors have between 1,000 and 10,000 bitcoin in their wallets, indicating that they have been replenishing their wallets with a large number of Bitcoins. Many of these investors have considered that Bitcoin reached its bottomso now they have seen the opportunity to increase their positions while waiting for the value of this asset to recover.
In this note, what were the big winners of the year 2023 and in the last month of the year.
Cryptocurrencies: which were the ones with the best profit in 2023
- Solana (SUN): 984%
- Avalanche (AVAX): 285%
- Chainlink (LINK): 190%
- Cardano (ADA): 152%
- Bitcoin (BTC): 159%
- Ethereum (ETH): 98%
- Polkadot (DOT): 95%
- TRON (TRX): 95%
- XRP (XRP): 85%
- Polygon (MATIC): 33%
- Dogecoin (DOGE): 32%
Cryptocurrencies: which were the best of the month
- Avalanche (AVAX): 93%
- Solana (SOL): 73.61%
- Polkadot (DOT): 59%
- Cardano (ADA): 60%
- Polygon (MATIC): 32%
- Ethereum (ETH): 14%
- Dogecoin (DOGE): 13%
- Bitcoin (BTC): 11.63%
- Chainlink (LINK): eleven%
One of the most notable falls of the month was the case of Apecoin53% affected by the decline from the NFT market this 2023. ApeCoinis the token associated with the collection of Yuga Labs Bored Ape NFTs and hit record lows this year without being able to take off enough. According to Hiscox’s 2023 ONline Art Report, 33% of Non-Fungible Token (NFT) buyers acknowledged that they do not currently know what to do with them and interest in this system could point to their “disappearance”.
Source: Ambito
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